JPMorgan Chase & Co. Increases Stock Position in Hudson Pacific Properties, Inc. $HPP

JPMorgan Chase & Co. lifted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,320,823 shares of the real estate investment trust’s stock after buying an additional 1,192,974 shares during the period. JPMorgan Chase & Co. owned approximately 7.97% of Hudson Pacific Properties worth $11,925,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Ethic Inc. purchased a new stake in Hudson Pacific Properties during the third quarter valued at about $28,000. Evergreen Capital Management LLC acquired a new stake in Hudson Pacific Properties during the second quarter worth about $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth about $28,000. Discipline Wealth Solutions LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth about $30,000. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $30,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $5.59 on Friday. The firm has a market capitalization of $302.94 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. Hudson Pacific Properties, Inc. has a one year low of $5.33 and a one year high of $22.89. The stock’s 50 day moving average price is $7.22 and its 200 day moving average price is $12.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.78 and a current ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HPP shares. Mizuho dropped their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Cantor Fitzgerald reduced their price target on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. BTIG Research set a $26.00 price objective on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a research note on Friday, January 2nd. Jefferies Financial Group set a $8.00 price objective on shares of Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, Citigroup lifted their target price on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average target price of $13.74.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.